Opening Personal / Corporate Accounts at Bahraini Banks. Service offer

*The fees are valid as of June 2025. VAT applies.

STAGE I:

== we analyze the company’s structure, its activities / business model / turnover OR, in the case of a personal account, information on the individual’s sources of funds / residence / account balance;

== we offer several banks to choose from, depending on the company’s activities, the turnover, possible account balance:

• Khaleeji Bank,
• Arab Bank,
• ASB Finance (formerly Kuwait Financial House),
• Bank of Bahrain & Kuwait (BBK),
• National Bank of Bahrain (NBB),
• Bahrain Development Bank (BDB),
• Bahrain Islamic Bank (BisB),
• Ahli United Bank, and
• other banks (the list of banks with which we work is constantly updated);

== we prepare detailed descriptions of banks indicating the criteria by which they were selected;

== we also prepare a detailed description of further steps in the account opening procedure.

The fee for the service is USD 500. This fee will later be recorded as prepayment in the final invoice.

STAGE II:

== we collect and analyze the corporate and other documents required to be submitted to the selected bank;

== we put together a detailed account opening application, including complete information on the company, its owners and counterparties;

== we send the application to one of the banks of your choice;

== we prepare a detailed description of all further steps in the account opening procedure;

== we prepare you for an interview with a banker;

== we accompany you to a personal/online meeting with a banker if necessary;

== we interact with the bank at ALL stages.

The fee for this stage is USD 4 000.

STAGE III:

After the bank confirms that the application is under final review by the bank’s compliance team, payment of the remainder of the full fee for support service is due.

The fee for this stage is USD 1 000.

SUCCESS FEE:

An additional success fee of +10% to the fee for the service is charged if the account is opened faster than the average standard procedure time, which is:

== for corporate accounts – 3-4 weeks,

== for personal accounts – 1-2 weeks.

For a legal entity:

• Memorandum and Articles of Association;
• Company Registration;
• Resolution for account opening, specifying the signatory to the account;
• Completed bank application forms for the company and the owner;
• Copies of existing contracts with counterparties;
• Office lease agreements, cash flow chart, ownership structure chart, etc.

Banks in Bahrain normally accept corporate documents without notarization.

If a company has another legal entity in its structure (e.g. a corporate shareholder), all the documents listed above should be provided for that entity.

For an individual (managers / shareholders / beneficial owners / attorneys):

• Proof of ID (passport) and CPR / ID card;
• Proof of address not older than 3 months;
• Bank statements for the last 6 months and other documents as proof of the source of funds.

*The list is not exhaustive. The bank may request any further documents and information.